Mergers and acquisitions
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News
TFI M&A engine keeps purring, acquires Procam
TFI International quietly buys Montreal-area trucking and logistics firm Procam International to expand its network.
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Rail
KCS CFO: Merger with CN offers ‘financial flexibility and freedom’
The Surface Transportation Board is accepting public comments on CN’s and Kansas City Southern’s voting trust proposal. KCS asserts its financial strength while Canadian Pacific…
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News
Worldwide Express, GlobalTranz to merge
The transaction, arranged by CVC Capital Partners, is set to close in the third quarter.
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Rail
Former rail regulator recommends approval of CN-KCS voting trust
Former Surface Transportation Board Vice Chairman William Clyburn Jr. recommends that STB approve the voting trust proposed by CN and Kansas City Southern.
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Rail
Stakeholders gear up for next round in CN-KCS merger process
A trio of shippers groups, CN, Kansas City Southern and Canadian Pacific offer their takes on whether the voting trust associated with the proposed CN-KCS…
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Rail
American Chemistry Council urges caution on Class I mergers
The American Chemistry Council, which represents chemicals shippers, wants the Surface Transportation Board to scrutinize proposed Class I rail mergers to ensure that shippers don’t…
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Rail
CSX’s application to acquire Pan Am Railways denied
CSX needs more data in its market analysis, the Surface Transportation Board said. CSX plans to resubmit its application.
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Rail
CN and KCS seek to divest 70 miles of track in Louisiana
To sweeten the voting trust application before regulators, CN and Kansas City Southern are offering to divest 70 miles of a KCS line in an…
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Rail
Kansas City Southern chooses CN bid, terminates CP merger agreement
Kansas City Southern has opted for CN’s merger offer. It is terminating an existing merger agreement it has with Canadian Pacific.
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Rail
CP signals no counterbid, asks KCS board to reject CN
Canadian Pacific wants Kansas City Southern to reject CN’s competing merger offer. The railway also said it won’t engage in a bidding war.
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